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Government revises the base year of All-India Wholesale Price Index (WPI) from 2004-05 to 2011-12

News and Press Release - Dated:- 4-8-2017 - The Government has revised the base year of All-India Wholesale Price Index (WPI) from 2004-05 to 2011-12. The revision of the base year of the macroeconomic indicators is a regular exercise to capture stru .....

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P) and Index of Industrial Production (IIP). The new series of WPI has the following salient features and improvements over the old series: The revised basket of WPI and its weighting structure conform to the structure of economy in 2011-12. The numb .....

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